After breaking out to the downside from an ascending wedge going back to late March (idea linked below), I drew another ascending channel (4H), which was breached today. RSI has also breached the ascending support line, which indicates there's more downside from here. The VIX jumped today, fast approaching 40.
The next support levels of importance will be the .5 fib retracement level at $276.72 and then the support line since 2016 at around $260.
Sell in May and go away?
The next support levels of importance will be the .5 fib retracement level at $276.72 and then the support line since 2016 at around $260.
Sell in May and go away?
